TradeLens

Basics

• IBM and shipping giant Maersk have already signed up 94 firms for the platform since it was spun off from Maersk in January, 2018. They have also finally given it a name: TradeLens. "While Maersk and IBM remain the only two shareholders, and both invested in the technology and jointly own the IP, White emphasized it is completely open to ecosystem participants. "It was never about a joint venture," he said. Both IBM and Maersk will sell access to the TradeLens platform. The selling party will contract with the customer and receive all the fees and revenue rather than sharing it with the other partner, the IBM representative added."

• Is struggling to onboard clients. 11-2018 Maersk has stated that most of its client's main reluctance is opening it data to be visible by its competitor highlighting a lack of aptitude for operating in a decentralized way
• From CoinDesk (8-1-2020):

"The largest port in the Middle Eastern nation of Oman has signed up withTradeLens. Launched in 2018, the TradeLens project has seen some reluctance from shipping firms to sign up, partly due to the way the venture was set up to favor the founding companies. However, changes to its business structure have prompted a number of major carriers to come aboard in the last year. The platform now has more than 100 participants (which is not that many more than in 1-2018, see above) – including five of the six largest container shipping firms as well as port operators and regulators – and is processing over “10 million discrete shipping events and thousands of documents each week,” according to previous statements from Maersk.